Author: Editor-In-Chief
The artificial intelligence revolution could create even greater wealth inequality, according to BlackRock CEO Larry Fink. That’s why Fink urges the world’s business and political leaders to proactively consider ways to ensure that workers are not left behind in the economic growth that AI will generate.”If AI is going to affect white-collar workers in the same way that globalization has done for blue-collar workers, we need to confront it directly, not with abstract notions of ‘the jobs of tomorrow,’ but with credible plans for widespread participation in its benefits,” Fink said in his opening remarks at the World Economic Forum…
A newly released cache of documents from Epstein’s files on Friday showed that Elon Musk appeared to correspond with the convicted sex offender in 2012 and 2013, discussing meeting at Jeffrey Epstein’s private island and at Musk’s SpaceX facility in Southern California. Emails show that Mr. Musk was asked about attending the “wildest parties” that Mr. Epstein was hosting on the island. Mr. Musk, who serves as CEO, tesla SpaceX has long downplayed its ties to Epstein, who died by suicide in federal custody in 2019. “Epstein tried to send me to his island, but I refused,” Musk said in…
Venezuela’s acting president has announced an amnesty bill that could lead to the release of hundreds of political prisoners and the closure of a notorious detention center, the latest concession since the U.S. arrest of President Nicolas Maduro. Delcy Rodríguez said Friday that the pardon applies to cases from 1999 to the present, but excludes cases charged with murder, drug trafficking, corruption and human rights violations. She said she has directed the Judiciary Committee to submit the legislation to Parliament. “I once again ask for the full cooperation of the Venezuelan Congress so that this law can help heal the…
Ferrari, McLaren and Red Bull all completed over 100 laps on the final day of a long run for F1 teams in Spain, with Lewis Hamilton setting the fastest time at shakedown in Barcelona.A week of closed-door racing at the Barcelona-Catalunya circuit has come to an end, with eight teams preparing for Friday’s finale. Ferrari, Red Bull and world champion McLaren were joined by Haas, Audi, Alpine and Cadillac, as well as Aston Martin, whose maiden Adrian Newey-designed car completed its first full day on the track with Fernando Alonso at the wheel. Mercedes and Racing Bulls, the team that…
Check out the companies that made the biggest moves midday: Newmont, Freeport-McMoRan — Metals miners fell 9.6% and 7.6%, respectively, as gold and silver slumped from record levels. The move came after President Donald Trump nominated Kevin Warsh to replace Jerome Powell as Fed chair, allaying fears that the central bank would lose its independence. Apple — The stock fell 1.3% even after the company announced strong first-quarter results due to significantly strong revenue from the iPhone 17 model launched in September. Apple earned $2.84 per share for the quarter, beating the $2.67 per share expected by analysts surveyed by…
Dove faction. Thoughtful. chameleon.These are just some of the terms used to describe Kevin Warsh, whom President Donald Trump has nominated to be the next chairman of the Federal Reserve, the United States’ central bank.Recommended stories list of 4 itemsend of listIf approved by the U.S. Senate, Warsh, a former Fed director, will replace Jerome Powell, whose term ends in May. President Trump announced Warsh as his nominee on Friday.”I’ve known Kevin for a long time and I have no doubt that he will go down as one of the great Fed Chairs, perhaps one of the best,” Trump wrote…
Luke Littler narrowly avoided a first-round exit at the Winmaw World Masters after surviving match darts with a dramatic win over Mike Dekker in Milton Keynes. Littler has won six of the eight ranked PDC major television titles in the past 12 months, including a successful World Championship title defense, but suffered a major scare in the tournament opener at Arena MK. The 19-year-old came close to making an incredible nine-darter during a fast-paced and eventful match, with Dedecker winning consecutive sets but missing the match dart to win 3-1 before Littler staged a late comeback. Use Chrome Browser for…
The viral personal AI assistant previously known as Clawdbot has a new name again. After a legal challenge from Claude’s maker Anthropic, the company briefly rebranded itself to Moltbot, but has now settled on OpenClaw as its new name. The name change was not ordered by Anthropic, which declined to comment. But this time, Clawdbot’s original creator Peter Steinberger tried to avoid copyright issues from the beginning. “We found someone to help us with the trademark research for OpenClaw, and just to be safe, we also asked permission from OpenAI,” the Austrian developer told TechCrunch via email. “The lobster has…
President Donald Trump has nominated Kevin Warsh to replace Jerome Powell as Federal Reserve Chairman. With the president’s push for low interest rates, Warsh is expected to become more supportive of lowering the Fed’s key benchmark interest rate later this year. “I have known Kevin for a long time and have no doubt that he will go down as one of the great Fed Chairs, and perhaps one of the best Fed Chairs,” Trump said in a post on Truth Social on Friday. Federal Reserve Board members are nominated by the president but must be approved by the Senate. If…
CNBC’s Jim Cramer said Friday that the stock market is well-positioned to rebound next week if leading companies plan to report strong earnings results. The “Mad Money” host said that’s because the market ended the week on a calm note after the S&P 500 ended in the red for three consecutive days.Don’t waste time during a busy week. disney It was reported on Monday that there is talk of a successor to the CEO. Kramer’s Charitable Trust, a portfolio managed by CNBC Investment Club, abandoned Disney in November after a long period of poor performance. “There’s always been some kind…